Report: Out of Reach: The High Cost of Housing

The National Low Income Housing Coalition just released its annual report, “Out of Reach: The High Cost of Housing.” NLIHC tracks the “housing wage” for both states and municipalities across the country. The housing wage is what a worker would have to earn to afford an average two-bedroom apartment. While the national minimum wage is $7.25/hour (and has been the same since 2009), the housing wage in the United States is nearly three times that amount at $21.21/hour.